Colangelo elected chairman of USA Basketball for 2009-12 term

COLORADO SPRINGS, Colo. (AP) -- Former Phoenix Suns executive Jerry Colangelo has been elected chairman of USA Basketball's Board of Directors for the 2009-12 term.

Colangelo assembled the U.S. team that won the Olympic men's basketball gold medal this year.

He spent the last three years as the managing director of the senior national team, implementing a program with a three-year commitment that culminated with the Americans' victory over Spain in the gold medal game in Beijing.

The American men hadn't won a major gold medal since the 2000 Olympics.

Colangelo says there's a great legacy at USA Basketball and his goal is to continue to grow the game on every level.